Transitional profit
The transitional profit , often also called the handover profit, is a tax law indicator. The calculation of the transitional profit is necessary when changing the type of profit determination from the income surplus calculation (EÜR) to the business asset comparison (or vice versa) and is mandatory part of the tax return in the first assessment period after the change .
basis
The calculation is necessary because in the income surplus calculation usually only payments actually received are taxed, while in the comparison of business assets also claims not received are recorded. Income that the taxpayer agrees on in a financial year in which the profit is calculated by means of an income statement, and which are received in a later financial year in which the profit is determined by comparing business assets, would otherwise not be taxed at all. If, on the other hand, there is a change from business asset comparison to the EÜR, this income would be taxed twice without the calculation of the transitional profit.
calculation
When switching from an income surplus calculation to a business asset comparison, the transitional profit is calculated as follows:
Warenanfangsbestand + Offene Kundenforderungen (brutto) + Sonstige offene Forderungen (brutto) + Geleistete Anzahlungen (brutto) + Aktive Rechnungsabgrenzungsposten + Vorsteuer aus offenen Verbindlichkeiten = Zwischensumme
Zwischensumme – Lieferantenschulden (brutto) – Sonstige Verbindlichkeiten (brutto) – Erhaltene Anzahlungen (brutto) – Rückstellungen – Passive Rechnungsabgrenzungsposten – Umsatzsteuer aus offenen Forderungen – Offene Umsatzsteuer aus Vorjahr = Übergangsgewinn
The negative values appear in the opening balance sheet on the liabilities , the positive values on the assets . When switching from business asset comparison to EÜR, the calculation is carried out with the opposite sign .
Tax Impact
The transitional profit increases or (in the case of a loss) decreases the current profit of the financial year in which the change is made. The profit can be spread over three years at the request of the taxpayer .
No distribution of the transitional profit according to income tax guidelines :
- in the transition from the determination of profits by comparing business assets ( § 4 Paragraph 1 or § 5 EStG ) to the determination of profits by means of an income statement according to § 4 Paragraph 3 EStG
- in the event of a company being sold or discontinued
- when a business is brought into a partnership at book value
